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Jay-Z Locks New 40/40 Club Sites in Asia

Monday, March 6, 2006
By: Michael Ivey


Jay-ZJay-Z recently inked a lease deal to open versions of his high end sports lounge, the 40/40 Club, in Shanghai, Tokyo and Hong Kong. The clubs are all scheduled to open by the close of 2007.

The 40/40 Club is owned by Jay-Z, Baseline Studios founder Juan Perez and Miami night life business veteran Desiree Gonzalez. They opened the first club in New York City June 20, 2003, and in the next two years secured spots in Atlantic City, Las Vegas, Los Angeles and Singapore. The 15,000 sq. foot Atlantic City site, opened October 25, 2005, cost Jay and his partners about $3 million.

All of the clubs are decked out with sports memorabilia, such as framed autographed jerseys, and plasma televisions showing the latest game. In other Jay-Z business news, it was announced last month that he and watch designer Vestal Group Inc. are creating a line of Rocawear wrist watches, for men and women, that range from $95-$395.


(32) Comments | Post a comment »



Damn i respect that mans hustle. Instead of wasting money hes diversifing it. Smart move to have ya money making u more money.
Posted by cense251
Damn jay: "my worst color is light green." and that the truth.
Posted by Ducksauce
No $200,000 ice grill. No spinning rims. No $million necklace. No waist of money on frivalous material items. Just pure hustle. Damn this dude is so focused, kodak lenses oughtta give this guy a deal. 40\40 restaurants in shanghai and singapore... Who can even imagine up stuff like that. Get your hustle on jay. Meanwhile.... Cam'ron is back in ny wearing pink boxers and making spoof videos about you and your girl. Only wishing that he was you.
Posted by Sair
No doubt that sounds like a good business plan, but jigga has changed
Posted by DjPhiziQue
That's business sense in a nutshell. Jay-z, regardless of what people will say, will always garner my respect.
Posted by Thetorganization
A good plan 4 income in the future but y not give back to others instead of jus yourself.......... But any way jus make the money don't let it make u!!!!!
Posted by ChrisG
My muthafvckin nigg@!
Posted by shortybeebop380
Much respect to you hov you really clowning now!! over seas money simply can not be beat at all!!! congrats once again,instead of more money more problems,it's more money more power moves. Forbes is waiting for your interview shawn carter god bless..................
Posted by Black Congress
That's hudge, he's always on his hustle, i got mad respect for jay, i wish him only continued success.....
Posted by Spiltmilk
Yo cats try to dis my man jay are they stupid, damn this cat is a genius, a F*ck*n genius, i dont have anymore words to say, no other m.c. Did it!!!!!
Posted by BigO
Get that money jigga!
Posted by SHANU_5
This what we need to see. Young black businessman. This encourage me even the more. Make moves daddio.
Posted by TopSpotHipHopShot
Checked out the 40/40 website... It's friggin awful! can't they hire someone besides beyonce to do the design of the site? :)
Posted by diesel
^^^my man phil did the site but when he was finished they made him change it so that they can easily update it ...it was crazy before...peace to jay....fduck camron...peace 2 nas...fduck 50....l-boogie(section 5 co-op city) my dude.......
Posted by 50centSucksdotcom
Genius isnt even the word to describe jigga's new business move. Anybody who pays attention to global economics knows tha asia is where is at right now especially with china's economy growing at 10% a year. Japan has always been on the come up and will continue to do so. Jay-z has once again showed what a brilliant businessman he is for going after the asian market. With a 40/40 already in singapore, i wouldn't be surprised if he opened up a 40/40 in india or south korea next.
Posted by Bumbaclot
Gotta give props to any body from the hood thats planning for the future, building and maintaining in the present. Shows that the crab mentality is still out there when a brother goes positive and get their grown man on the immature wanna pull on you to keep you in the n*ggative...
Posted by Kalliope4eva
Damn jay you to serious he knows the hip-hop fab just started over there and boom n*gga brings it over there and pulls in tha doe damn n*gga he straight expands the culture and makes the quwap do what chu do nigg do what chu do
Posted by TheGreat1
Daz jigga doin what he do, anything 2 hustle! man wit pride!
Posted by BKmadE
What about the poor kids in haiti and brazil favellas, jay? how bout a healthy donation bro.... :)
Posted by Sair
Jay, keep doing your thing man. Takin it international. Thats what im talkin about.
Posted by CEmejuru
Sair, i feel you on your first comment. However, in response to your second comment, who says jay aint donating money to those in need. Just because it aint publicized or he aint telling the world about it doesnt mean that its not being done. Also, you got to know who your donating the money to because alot of these charity organiztions can be really shady and misuse funds for personal use instead of using the money which it was intended for.
Posted by CEmejuru
Only ah gansta with that much hustle , wit and integrety can wear open sandles n still be respected by me. Shout to the sty. Bk stand up and keep chokin dem harlem dudes when they come around
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Schoolgirl
Posted by schoolgirl
It's about time i can hear positive remarks about a successful brother coming from us. With exception of the one or two snide comments. Jay-z done stepped up better than most and is "doing it". There is nothing negative about it. Anybody with anything negative to spill out is only showing their lack of a life. Lets all have a life and be happy for what one another is doing. Keep representing us, and what we are all supposed to be about, jay-z. And, no hating allowed. Dear dj durham, nc
Posted by Dear DJ
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Posted by anime
He should open one in sidney australia
Posted by floss

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